USD Covered Bond - COBO USD Covered Bond

ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.

  • Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
  • Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
  • Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.

Important Notice:
CUSIP distribution rules have changed, to learn more click here.

Fund Snapshot

Ticker COBO
Intraday Ticker COBO.IV
CUSIP 74348A749
Inception Date 5/21/12
Expense Ratio * 0.35%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly
* With Contractual Waiver for 10/1/14 to 9/30/15.

Top Fund Country Weightings as of 8/28/15

CANADA 31.50%
AUSTRALIA 26.63%
SWEDEN 11.46%
NORWAY 8.97%
UNITED KINGDOM 7.01%
NETHERLANDS 4.62%
SWITZERLAND 3.10%
GERMANY 3.08%
FRANCE 3.06%

Fund SEC Yields as of 7/31/15

SEC 30-Day Yield 1.15%
SEC 30-Day Yield (Unsubsidized) -1.06%

Fund Characteristics as of 7/31/15

Distribution Yield 1.19%
12-Month Yield 1.10%
Weighted Average Yield to Maturity 1.52%
Modified Duration 2.80

Price Information as of 8/28/15

NAV $101.47
NAV Change -$0.10
Market Price Closing $95.87
Market Price Closing Change $0.00
Daily Trading Volume 58